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Ron Chalmers, edmontonjournal.com
4 Q8 F3 _- R3 ^Published: Wednesday, April 04, 2007' ?8 J9 g7 B0 I2 P) f8 f4 w2 x
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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3 M6 |1 ?+ ]7 n& e& k“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.# t) B7 O( y: j6 _1 C3 K
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.& ], Z4 j% \* I `) `" U) Y/ w
- d1 `' |4 ^6 u3 g" n7 UIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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% @5 t* ]& f* W0 \2 S x! W“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
! Y& E+ Z* y. QAverage prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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